OpenAI has set the base rate for GPT-4o at $5.00 per 1 million tokens for input and $15.00 per 1 million tokens for output. This pricing model aims to balance affordability with the model’s advanced features.
Notably, OpenAI has made GPT-4o available to free users, albeit with limitations on usage. For full access and additional features, users can subscribe to ChatGPT Plus for $20 per month.
With this tiered approach, OpenAI caters to a wide range of users, from casual experimenters to power users and businesses.
After reading this article, you’ll know how GPT-4o can be a cost-effective solution for your AI needs, allowing you to make an informed decision about using this powerful model.
Pricing Structure of GPT-4o
Tokens, the fundamental units of text processing in AI models, are crucial in determining the costs of GPT-4o. Each token represents a piece of a word or character, and the cost is calculated based on the number of tokens processed.
For GPT-4o, the pricing is straightforward: $5.00 per 1 million tokens, making it a cost-effective option for high-volume usage.
Additionally, GPT-4o mini, a smaller and more economical variant, costs only $0.15 per 1 million tokens, providing an even more affordable solution for specific use cases.
This token-based pricing model allows users to pay only for what they use, ensuring flexibility and scalability in managing AI-related expenses.
Comparison of GPT-4o with Other Models
| Model | Prompt Tokens Cost (per million) | Sampled Tokens Cost (per million) |
| GPT-4 | $30.00 | $60.00 |
| GPT-4 Turbo | $10.00 | $30.00 |
| GPT-3.5 | $0.47 | $1.40 |
| GPT-4o | $5.00 | $5.00 |
How Cost-Effective is GPT-4o?
GPT-4o stands out as a highly cost-efficient option compared to other AI models, offering significant savings without compromising on performance.
Its pricing is notably lower than that of GPT-4 and GPT-4 Turbo, making it an attractive choice for businesses looking to maximize their AI budget.
Specifically, GPT-4o is priced at $5.00 per million tokens, which is considerably cheaper than GPT-44’s $30.00 per million prompt tokens and $60.00 per million sampled tokens.
This cost efficiency allows businesses to leverage advanced AI capabilities at a reduced expense, making it ideal for applications that require high-volume processing, such as customer support chatbots and automated document processing.
Moreover, GPT-4o mini, a smaller variant, further enhances cost savings by being over 60% cheaper than GPT-3.5 Turbo, priced at just $0.15 per million input tokens.
This makes it particularly suitable for small to medium-sized enterprises that need to implement AI solutions without incurring high costs.
Use cases where GPT-4o provides better value include real-time customer interactions, where its fast response times and low cost per transaction make it a preferred choice over more expensive models.
FAQ Section
What is the cost of GPT-4o per million tokens?
GPT-4o costs $5.00 per 1 million tokens.
How does GPT-4o compare to GPT-4 in terms of pricing?
GPT-4 costs $30.00 per 1 million prompt tokens and $60.00 per 1 million sampled tokens, making GPT-4o significantly cheaper.
What is the context length of GPT-4o?
GPT-4o has a context length of 128k tokens.
Are there any discounts available for GPT-4o?
Yes, there is a 50% discount for batch API requests with a 24-hour response time.
Can GPT-4o be fine-tuned?
Yes, fine-tuning is available and free for GPT-4o mini up to a daily token limit through September 23, 2024.
What are the use cases for GPT-4o?
GPT-4o can be used in various applications such as chatbots, content generation, and document processing automation.
Conclusion
GPT-4o emerges as a highly cost-effective AI model, offering substantial savings compared to its counterparts like GPT-4 and GPT-4 Turbo.
With its competitive pricing of $5.00 per million tokens, GPT-4o provides businesses with an opportunity to implement advanced AI capabilities without incurring significant costs.
The model’s affordability, combined with its robust performance, makes it an ideal choice for applications requiring extensive text processing, such as customer service and document automation.
Furthermore, the availability of GPT-4o mini at an even lower cost expands its accessibility to smaller enterprises.
Businesses are encouraged to consider GPT-4o for its exceptional value proposition, enabling them to harness powerful AI technology efficiently and economically.
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